Internet Computer (ICP) Falls 0.02%, Underperforms the Crypto Market Tuesday

Tuesday, May 16, 2023 07:40 AM | InvestorsObserver Analysts

Internet Computer (ICP) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Tuesday, the Art, Collectibles and Non-Fungible Tokens has lost 2.1% to $5.21.

InvestorsObserver is giving Internet Computer a 40 Volatility Rank. Find out what this means to you and get the rest of the rankings on Internet Computer!

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Moderately Volatile

InvestorsObserver gives Internet Computer a moderate volatility rank of 40, placing it in the bottom 40% of cryptos on the market.

The Volatility Gauge tracks which means that one day won't define its volatility rank - a trend will. ICP's moderate volatility reading is paired with a low reading on the Risk/Reward Gauge, meaning that the token has moderate price swings and is well protected from price manipulation.

Internet Computer price is well positioned going forward. With support near $5.03 and resistance set at $5.28. This leaves Internet Computer with room to run before facing selling pressures.